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A $100,000 Bond Was Retired at 96 When the Carrying

question 59

Multiple Choice

A $100,000 bond was retired at 96 when the carrying amount of the bond was $105,000. The entry to record the retirement would include a:


Definitions:

Predictive Ability

The capability of a model or score to accurately forecast or estimate the likelihood of future outcomes or behaviors.

Reliability

The consistency of a test.

Validity

How well a test measures what it says it does.

Predictive Validity

The extent to which a score on a scale or test predicts future performance on a related outcome.

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